A leading index for the Australian economy showed no change in June, the latest survey from Westpac Bank revealed on Wednesday with a flat reading.

That follows the 0.1 percent decline in May.

“Having cut rates in both February and May the August meeting does become a ‘live’ event,” Westpac Chief Economist Bill Evans said. “However we expect that it is very unlikely that the Board will decide to cut rates in August.”

The material has been provided by InstaForex Company – www.instaforex.com